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a little better. consumer sentiment has rizzs un. consumer spending has been a bit stronger, but businesses, probably in part because they are more exposed to the global economy and in part, because they may be more aware of these fiscal issues, more directly connected to these fiscal issues, business confidence has been pretty low and investment has responded to that been quite weak. so i think uncertainty has been an important factor. i'm sure it is restraining, particularly longer term investments it is leading businesses to wait for resolution of uncertainty before they make commitments to new hiring and new projects, new markets. and is in that respect, it is clearly a negative. you asked for how much. you know, i think it's probably significant, but it's very, very hard to assess any kind of rigorous way exactly how big the affects r but again, i think they are meaningful, because we see, businesses have been quite cautious and conservative, particularly lately. either the question i think though that's very important is uncertainty about what? there's a lot of uncertainty his the wor
no reports of oil actually leaking into the gulf. >>> meanwhile, also breaking right now, the u.n. nuclear agency says iran is about to double output of higher enriched uranium. now that is a material that can easily be turned, we're told, into a nuclear warhead. sharon epperson is following the oil impact on both of those breaking stories. sharon, over to you. >> brent crude prices are higher as well as wti but you may expect that they would have been even higher based on the news that we're hearing. we do see brent crude futures above $108 a barrel and wti futures near the $87 mark. we are seeing a continuation of pretty big spread though between these two contracts. traders here on the floor are telling me that's what lets you know it is what is happening in the middle east, it is the iran report, it is also what we are seeing in terms of the oil rig on the gulf that's lifting the oil price. traders do not want to be short going into the weekend. it is a very jittery market here and they are afraid of those positions that they may have that were on the short side. the low in the wti con
hope sooner than the beginning of the new year. if so, we'll have you back here. >> thank you. >>> u.n. secretary-general ban ki-moon just arrived in cairo in a bid to stop the missile war between israel and hamas. israel has vowed to launch a ground offensive to storm out the missile fire. tanks and troops are on the border waiting for the green light from jerusalem. hamas and gaza based islamic jihad have fired 2,000 rockets at israel this year. several hundred in just the last week. it is now nighttime in that part of the world. they are seven hours ahead of us. israeli air operations have been on and off today. while we've all been very focused on what's happening in israel and gaza, a story line that's been lost in the middle east in the last few days, the massive protests going on in jordan. tens of thousands hitting the streets of amanda demonstrating against the government's decision to hike the price of gasoline and other kinds of fuel. the organizers, the muslim brotherhood. that's the same group that took power in egypt and the group that gave birth to hamas. jordan is still
Search Results 0 to 2 of about 3